Andreessen Horowitz raises $1.5 billion for Fund IV

Andreessen Horowitz, one of the largest venture capital firms in Silicon Valley, has raised $1.5 billion for Fund IV. The company will be using the funding for seed and late-stage rounds. Andreessen Horowitz raised $300 million in 2009 for Fund I, $650 million in 2012 for Fund II, $200 million in 2011 (growth fund), and $1.5 billion in 2012 (Fund III).
[Source: TechCrunch]